HOEK & Co: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HOEK & Co
Largest movements
- Cash -€34,103
down €34,103 (-19.3%), from €177,150 to €143,047
mainly Investment in fixed assets (net) (-€37,561) and Other debts (-€15,405)
- Tangible fixed assets +€29,923
up €29,923 (+16.9%), from €177,584 to €207,507
of which Plant, machinery and equipment: +€27,711
- Profit (loss) carried forward +€23,065
up €23,065 (+5.6%), from -€412,898 to -€389,834
- Other debts -€15,405
down €15,405 (-3.9%), from €394,897 to €379,492
- Debts after one year -€12,948
down €12,948 (-23.0%), from €56,301 to €43,354
of which Financial debts: -€12,948
- Gross operating margin -€66,112
down €66,112 (-61.9%), from €106,807 to €40,695
- Other operating charges +€1,339
up €1,339 (+24.3%), from €5,522 to €6,861
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,635 | €354,652 | -€3,983 | -1.1% |
| Fixed assets | 21/28 | €177,584 | €207,507 | +€29,923 | +16.9% |
| Tangible fixed assets | 22/27 | €177,584 | €207,507 | +€29,923 | +16.9% |
| Land and buildings | 22 | €145,713 | €145,713 | = | 0.0% |
| Plant, machinery and equipment | 23 | €30,156 | €57,867 | +€27,711 | +91.9% |
| Furniture and vehicles | 24 | €1,715 | €3,927 | +€2,212 | +129% |
| Current assets | 29/58 | €181,051 | €147,145 | -€33,906 | -18.7% |
| Amounts receivable within one year | 40/41 | €1,750 | €1,880 | +€130 | +7.4% |
| Trade receivables | 40 | €1,750 | €1,800 | +€50 | +2.9% |
| Other amounts receivable | 41 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €177,150 | €143,047 | -€34,103 | -19.3% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,218 | +€67 | +3.1% |
| Total equity and liabilities | 10/49 | €358,635 | €354,652 | -€3,983 | -1.1% |
| Equity | 10/15 | -€109,537 | -€86,473 | +€23,065 | +21.1% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €5,889 | €5,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,889 | €5,889 | = | 0.0% |
| Legal reserve | 130 | €5,889 | €5,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,898 | -€389,834 | +€23,065 | +5.6% |
| Amounts payable | 17/49 | €468,172 | €441,124 | -€27,048 | -5.8% |
| Amounts payable after more than one year | 17 | €56,301 | €43,354 | -€12,948 | -23.0% |
| Financial debts | 170/4 | €44,286 | €31,338 | -€12,948 | -29.2% |
| Other amounts payable | 178/9 | €12,016 | €12,016 | = | 0.0% |
| Amounts payable within one year | 42/48 | €411,871 | €397,771 | -€14,101 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €12,381 | €12,948 | +€566 | +4.6% |
| Trade debts | 44 | €4,115 | €5,106 | +€991 | +24.1% |
| Suppliers | 440/4 | €4,115 | €5,106 | +€991 | +24.1% |
| Taxes, remuneration and social security | 45 | €478 | €226 | -€253 | -52.9% |
| Taxes | 450/3 | €478 | €226 | -€253 | -52.9% |
| Other amounts payable | 47/48 | €394,897 | €379,492 | -€15,405 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,167 | €7,638 | +€471 | +6.6% |
| Other operating charges | 640/8 | €5,522 | €6,861 | +€1,339 | +24.3% |
| Gross operating margin | 9900 | €106,807 | €40,695 | -€66,112 | -61.9% |
| Operating profit (loss) | 9901 | €94,118 | €26,196 | -€67,922 | -72.2% |
| Financial income | 75/76B | €159 | €158 | -€1 | -0.7% |
| Recurring financial income | 75 | €159 | €158 | -€1 | -0.7% |
| Financial charges | 65/66B | €3,597 | €3,021 | -€576 | -16.0% |
| Recurring financial charges | 65 | €3,597 | €3,021 | -€576 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €90,681 | €23,334 | -€67,347 | -74.3% |
| Income taxes | 67/77 | €242 | €269 | +€26 | +10.9% |
| Profit (loss) for the period | 9904 | €90,438 | €23,065 | -€67,374 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,438 | €23,065 | -€67,374 | -74.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.